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Nov 29, 2012
11/12
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this is a small, open a economy. it is a trade dependent economy. more than the united states. individual trade decisions can be controversial. the concept of being part of the global economy is not a challenging concept. the united states is still the core of the world trading system. i am surprised at the level of protectionist discord. >> .. for a roundtable. cnbc did a roundtable in chicago i will share with our guest -- as a question -- ask what the biggest impediment was to economic growth. we have lots of different sectors. i thought i would hear the answer that you hear from business leaders of the time, which is a -- any more transparency, predictability, and more regulatory coherence. i am not sure if you remember. everyone ended up saying all of the things i mentioned are important to business, but people said -- everyone agreed about access to skilled work force. i found that surprising. what are the kinds of things that the private sector and government can do to build the kind of work force our economy will require in the future? >> this is -- i was not surprised
this is a small, open a economy. it is a trade dependent economy. more than the united states. individual trade decisions can be controversial. the concept of being part of the global economy is not a challenging concept. the united states is still the core of the world trading system. i am surprised at the level of protectionist discord. >> .. for a roundtable. cnbc did a roundtable in chicago i will share with our guest -- as a question -- ask what the biggest impediment was to economic...
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Nov 29, 2012
11/12
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CSPAN2
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this is a small, open a economy. it is a trade dependent economy. more than the united states. individual trade decisions can be controversial. the concept of being part of the global economy is not a challenging concept. the united states is still the core of the world trading system. i am surprised at the level of protectionist discord. >> that is stop production for us in d.c. we will continue to fight that battle. you joined us for a roundtable. cnbc did a roundtable in chicago i will share with our guest -- as a question -- ask what the biggest impediment was to economic growth. we have lots of different sectors. i thought i would hear the answer that you hear from business leaders of the time, which is a -- any more transparency, predictability, and more regulatory coherence. i am not sure if you remember. everyone ended up saying all of the things i mentioned are important to business, but people said -- everyone agreed about access to skilled work force. i found that surprising. what are the kinds of things that the private sector and government can do to build the kind
this is a small, open a economy. it is a trade dependent economy. more than the united states. individual trade decisions can be controversial. the concept of being part of the global economy is not a challenging concept. the united states is still the core of the world trading system. i am surprised at the level of protectionist discord. >> that is stop production for us in d.c. we will continue to fight that battle. you joined us for a roundtable. cnbc did a roundtable in chicago i will...
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Nov 27, 2012
11/12
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CSPAN2
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but there is just no doubt economies matter. whether it has been leon panetta or bob gates or admiral mullen, the constant focus is on this. it does raise the question. someone made the comment that america's sources of power today, it is the size of the pentagon and those devil is actually had a bigger problem than us. but i would be interested in when you're thinking about policy, do you look at that the source of leverage, or did this restrain american options in terms of what you can do? >> with respect to the deficit and debt of the national security liability, we need our senior leadership and the ability to take it on. we have an opportunity to do so, we have a requirement to do so. the requirement and foundation of national power is ultimately economic in terms of global influence. and in terms of supporting the military. we have, i think, members of the house will step up in the coming months. >> how did you look at your surplus of the united states? do they say that we have america under control because of the treasury
but there is just no doubt economies matter. whether it has been leon panetta or bob gates or admiral mullen, the constant focus is on this. it does raise the question. someone made the comment that america's sources of power today, it is the size of the pentagon and those devil is actually had a bigger problem than us. but i would be interested in when you're thinking about policy, do you look at that the source of leverage, or did this restrain american options in terms of what you can do?...
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Nov 25, 2012
11/12
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CSPAN2
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i think that he set america's economy back eight, ten years. there's very good evidence now, and i call your attention to a study which is not widely cited. the study is one of the wage and hours act. and he shows that this act alone probably insured that we would never get pack to 1929 -- get back to 929 employment under roosevelt. basically he compares the hours work to business confidence and business expectations. and what he shows is that, um, the number of hours worked stayed -- went down, while the numbers -- i'm sorry, the number of workers stayed constant while the number of hours worked went down. they were going from ten full-time employees to five part-time employees, somewhere along those lines, and he finds 85-90% of the decline after 1934 when the first wage and hours act can be traced directly to this idea of a might minimum wa. in terms of all the other regulations, the excessive taxation, it's just one disaster after another. everyone -- and one of the things we do in "patriot's history" is we have a three-page chart that i've
i think that he set america's economy back eight, ten years. there's very good evidence now, and i call your attention to a study which is not widely cited. the study is one of the wage and hours act. and he shows that this act alone probably insured that we would never get pack to 1929 -- get back to 929 employment under roosevelt. basically he compares the hours work to business confidence and business expectations. and what he shows is that, um, the number of hours worked stayed -- went...
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Nov 28, 2012
11/12
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CSPAN2
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economy and the u.s. consumer and i look at how much debt overhang is out there i don't know where you grow if you lead the private dimension out there where it is today. >> there's a lot to that but obviously we are trying to get transparency on the balance sheets, we have done the dodd-frank, hardly finished, that takes care of the financial plummet, making sure it does not fall apart. [talking over each other] >> fundamentally corrupt. things haven't been there. the bigger problem is the flip side. they match that. now we realize people don't save. that is central for along time. that is the thing we never fixed and that is driving of affect we have financial problems and the fact we have big problems, return to financial messes going up worldwide for cost of labor everywhere, americans don't have anything to take advantage of. equally wide. we will fight a land war in asia over tax issues we will never fix the inequality problem if we don't get ahead. >> steve? >> there are a lot of issues we need to
economy and the u.s. consumer and i look at how much debt overhang is out there i don't know where you grow if you lead the private dimension out there where it is today. >> there's a lot to that but obviously we are trying to get transparency on the balance sheets, we have done the dodd-frank, hardly finished, that takes care of the financial plummet, making sure it does not fall apart. [talking over each other] >> fundamentally corrupt. things haven't been there. the bigger...
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Nov 21, 2012
11/12
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CSPAN2
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economy and u.s. consumer and how much overhang is there, i don't know where you get the growth if you leave the private weight out there where it is today, doug? >> there's a lot to that. we tried to get transparency on the balance sheets, the dodd-frank, hardly finished, and there's a debate whether we did it well, but it cares for the financial plumbing and making sure it does not fall apart. >> no more corruption, it's cleaned out in your -- >> we'll have this conversation later. you know, but, things happen there. the bigger problem is the flip side. not that much debt, houses add value, matched up, thought they were okay. now, we realize people don't save enough. that's. true for a long time. that's what we never fixed. that's what drives the fact we had the financial problems, that's what is driving the fact that we have the problems, the return to financial investments, going up worldwide, paired with low cost labor everywhere. americans don't have any way to take advantage of that. we have th
economy and u.s. consumer and how much overhang is there, i don't know where you get the growth if you leave the private weight out there where it is today, doug? >> there's a lot to that. we tried to get transparency on the balance sheets, the dodd-frank, hardly finished, and there's a debate whether we did it well, but it cares for the financial plumbing and making sure it does not fall apart. >> no more corruption, it's cleaned out in your -- >> we'll have this conversation...
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Nov 21, 2012
11/12
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CSPAN2
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we have been able to help lead the opening of the global economy. we have been able to create some positive dynamic in the wake of the global economy is developed, and without america pushing, what are the alternatives? to we really want the chinese economic model has kind of the new view of how the world economy is going? >> of course business in general you want to support. as you look at the jobs growth, it actually is not from small business or big business. young, high growth of to the real business. open a restaurant. >> it is me on the head. >> you have to focus, not just small business. small business and large businesses great. the future of america will be young hunter bernard accompanies. jobs axed to death, startup act. to make sure we remain a startup nation. >> just for a quick moment, it built around the world again. i ask people what they think the sources of american power of art, the pentagon or the size of the federal debt. if you are the biggest debtor in the world that gives you a certain power. are you optimistic that these can
we have been able to help lead the opening of the global economy. we have been able to create some positive dynamic in the wake of the global economy is developed, and without america pushing, what are the alternatives? to we really want the chinese economic model has kind of the new view of how the world economy is going? >> of course business in general you want to support. as you look at the jobs growth, it actually is not from small business or big business. young, high growth of to...
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Nov 22, 2012
11/12
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CSPAN2
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and china have the two largest economies in the world. the u.s. and china share a lot of interests and most importantly people in both countries share an interest in for example dealing with climate change. something that neither government is not the chinese are u.s. government are prepared to move strongly enough to change. when we talk about pivoting in the context of sending the troops, that doesn't help when we are trying to do with what should we be doing about climate change. i think what we really need is a pivot away from the military being the centerpiece of our diplomatic shift and a shift towards engagement with people at an entirely different level. >> host: a recent study by the brand company in the project for the air force talked about u.s. overseas military presence and the strategic choices that the government has to make. one of the comments in that report says, the u.s. has to decide whether china and the united states should rely primarily on u.s. space forces to respond to global crises and conflicts keeping only a small grou
and china have the two largest economies in the world. the u.s. and china share a lot of interests and most importantly people in both countries share an interest in for example dealing with climate change. something that neither government is not the chinese are u.s. government are prepared to move strongly enough to change. when we talk about pivoting in the context of sending the troops, that doesn't help when we are trying to do with what should we be doing about climate change. i think...
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Nov 24, 2012
11/12
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KCSM
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he then spoke of future goals for china, which is already the world's second largest economy. hu spoke bluntly of china's regional aspirations and territorial disputes with japan and other countries. hu jintao served two terms as the communist party secretary general for a total of ten years. what does this decade mean to china? >> china has faced many domestic and diplomatic challenges over the past decade, and the president, hu jintao's leadership. >> hu promoted what he called the concept of scientific development. aimed to create a harmonious society. it will be a process for slower growth. the hu administration avoided a $2-million-year-old tax based on farmers' harvest. it was part of the president's effort to narrow the economic gap between urban and rural areas. hu also worked toward a sweeping consultation of coal mines and chemical plants, which resulted in a reduction in pollution. but the president hasn't been able to control china's income disparity or corruption among its bureaucrats, and so public anger with the government is snarling. migrant workers in cities
he then spoke of future goals for china, which is already the world's second largest economy. hu spoke bluntly of china's regional aspirations and territorial disputes with japan and other countries. hu jintao served two terms as the communist party secretary general for a total of ten years. what does this decade mean to china? >> china has faced many domestic and diplomatic challenges over the past decade, and the president, hu jintao's leadership. >> hu promoted what he called...
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Nov 21, 2012
11/12
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economy. but i would say something is. romney only emphasized -- very quickly. we cannot run only on an economic message. we have the full conservatives on social issues, on the national security, and on the economy. spent and aspirational. aspirational a mechanism where you are free to go as far as you want to go and to do what you want to do. and you are right about the hispanic community, especially they are very and trunk -- entrepreneurial. guess what. they start liking free government less. >> unfortunately, we're out of time to want to thank you all for coming today. please join me in thanking our panelists for this terrific presentation. [applause] [inaudible conversations] >> tonight in primetime we get a closer look at the presidential election. we have from president obama's former campaign manager and republican strategist steve smith. that's and university of delaware and starts at 8 p.m. eastern. here on c-span2, author mark friedman talks about how more baby boomers are entering
economy. but i would say something is. romney only emphasized -- very quickly. we cannot run only on an economic message. we have the full conservatives on social issues, on the national security, and on the economy. spent and aspirational. aspirational a mechanism where you are free to go as far as you want to go and to do what you want to do. and you are right about the hispanic community, especially they are very and trunk -- entrepreneurial. guess what. they start liking free government...
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Nov 28, 2012
11/12
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CNBC
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so it's not a very open economy. and actually, a lot of these problems are more domestic than they are external. >> that's a fascinating point. i want to come back to you in a second. in egypt, tens of thousands have taken to the streets of cairo last night to protest against the decree by the egyptian president mohamed morsi that grants him sweeping constitutional powers. >> reporter: hundreds of thousands of egyptians have poured into tahrir square and cities all across egypt demanding that president mohamed morsi rescind his decision that granted him sweeping powers. they say it is reminiscent of the mubarak era, sending this country back to dictatorship. for the past five days, police have clashed with protesters, firing tear gas and beating them at times. more importantly, they are demanding that egypt's new constitution is one that reflects the diversity of egypt, not the sole control of the muslim brotherhood. many of the people here are angered by what they say is the attempt by the muslim brotherhood and the
so it's not a very open economy. and actually, a lot of these problems are more domestic than they are external. >> that's a fascinating point. i want to come back to you in a second. in egypt, tens of thousands have taken to the streets of cairo last night to protest against the decree by the egyptian president mohamed morsi that grants him sweeping constitutional powers. >> reporter: hundreds of thousands of egyptians have poured into tahrir square and cities all across egypt...
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Nov 21, 2012
11/12
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KCSM
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he must ensure the rapid and stable growth of the economy. he also has to rein in local government investments. >>> some adults have to get used to electronic gadgets such as smartphones, but many children take to them naturally. now here starting to use smartphones and the apps designed for them to get even smarter. >> 31-year-old yishi and her daughter live in tokyo. she is just a year and ten months old and already she is preoccupied with mom's smartphone. this app is a favorite. she touches a drawing of an animal and a photo of it pops up on the screen and then it makes a sound. the app's maker decided to advance the intellect of young children. she started playing with her mother's smartphone just two or three months after she was born. now she uses six different educational apps. >> translator: it is really helpful for times when i can't give her my complete attention or when she starts throwing a tantrum in public. i hand it to her and instantly she gives it all of her attention. >> reporter: the youngsters at this nursery school are a
he must ensure the rapid and stable growth of the economy. he also has to rein in local government investments. >>> some adults have to get used to electronic gadgets such as smartphones, but many children take to them naturally. now here starting to use smartphones and the apps designed for them to get even smarter. >> 31-year-old yishi and her daughter live in tokyo. she is just a year and ten months old and already she is preoccupied with mom's smartphone. this app is a...
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Nov 28, 2012
11/12
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CSPAN2
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i think it's a disaster for our economy. i think it's a disaster for our demonstration of our ability to govern, and i think it's a disaster for our standing in the world. we need to show that we can govern ourselves and we can put ourselves on a sound fiscal path with the right combination of growth, frugality and ensuring a safety net to the most vulnerable of our citizens. so i am here to say to my colleagues from both sides of the aisle, both sides of the dome and even the white house, let's get the job done. mr. president, i propose let's really conscientiously work hard to make sure that we have a framework that we could vote on, mr. president, by the weekend of december 16. why do i want december 16 as a deadline? it's saturday. you yourself have tweeted about oh, let's have saturday as small business week. we have had cyber mondays. let's have a strong economy closing of the week before christmas. i can tell you, mr. president -- mr. president, i'm find it -- i really can't -- the presiding officer: the senator will
i think it's a disaster for our economy. i think it's a disaster for our demonstration of our ability to govern, and i think it's a disaster for our standing in the world. we need to show that we can govern ourselves and we can put ourselves on a sound fiscal path with the right combination of growth, frugality and ensuring a safety net to the most vulnerable of our citizens. so i am here to say to my colleagues from both sides of the aisle, both sides of the dome and even the white house,...
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of the economy because you don't have the prospects of the oil sector driving growth in the way it did in the two thousands prices rose volumes rose and you've got this sort of six to eight percent growth for a decade on the back of that now we're in a world in which the argument is are we going to have plateau or oil nobody goes i want to talk about peak oil market but all we are we going to are we going to stay with you know all production roughly. where it is a will it fall so there's not going to be a source of growth but russia wants to grow it aspires to catch up and we have virtually no us and so you've got this new investment policy that the president's talking about. privatization improving the investment climate to try and make investment increased investment and more effective investment the driver of growth in the economy and that's good i think i think that's a sensible policy and it doesn't preclude trying to expand your export group routes expand your supplies to asia both oil and gas but can co-exist with it dimitri is the russian government doing the right thing for fo
of the economy because you don't have the prospects of the oil sector driving growth in the way it did in the two thousands prices rose volumes rose and you've got this sort of six to eight percent growth for a decade on the back of that now we're in a world in which the argument is are we going to have plateau or oil nobody goes i want to talk about peak oil market but all we are we going to are we going to stay with you know all production roughly. where it is a will it fall so there's not...
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huge positive deal that is important not just for russia's energy sector but for the entire russian economy the global energy map is changing in a dramatic fashion the international energy agency has recently published its world energy outlook two thousand and twelve it projects the world demand for energy resources more than triple by twenty to thirty five and sixty percent of those growth will be concentrated in china india and the middle east with almost ninety percent of middle eastern oil flowing to asia the us iraq is said to become the second largest oil producer and the lead in all supplier to china the world's leading edge of storage it says the u.s. is on course to replace so directly or as a largest oil producer by around twenty twenty the united states which currently imports around twenty percent of that startle engineer. is predicted to become all but self-sufficient in that sounds dramatic reversal of the energy transfer seen in most other energy imports and can trace much of this is based on unconventional methods of fracturing sites or shale rock she also projects hotly deb
huge positive deal that is important not just for russia's energy sector but for the entire russian economy the global energy map is changing in a dramatic fashion the international energy agency has recently published its world energy outlook two thousand and twelve it projects the world demand for energy resources more than triple by twenty to thirty five and sixty percent of those growth will be concentrated in china india and the middle east with almost ninety percent of middle eastern oil...
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Nov 26, 2012
11/12
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CSPAN
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it is the engine of that global power is its economy. the global economy floats on a salt water. it is beginning to shift its focus to a much more maritime- flavored one. for canada as a maritime nation, it's in our interest to ensure -- to enable china as it emerges to become part of the globalized system and make a better as opposed to pushing it to a point of instability upon which would be very adverse to the flow of trade. 90% of world trade by volume floats. china is very much interested in canadian energy and national -- and natural resources. we're very much interested in building strategic trust and cooperation with china. from a naval perspective, i will give you an anecdote -- your referring to this attack two months ago. i attended the western naval symposia hosted by malaysia and had the opportunity to sit between the vice -- the deputy commander of the people's liberation army and navy and the commander of the ambassadors maritime self-defense force. a euphemism for the japanese navy. that was at a time when the island dispute was on cnn and bbc. i thought as i was
it is the engine of that global power is its economy. the global economy floats on a salt water. it is beginning to shift its focus to a much more maritime- flavored one. for canada as a maritime nation, it's in our interest to ensure -- to enable china as it emerges to become part of the globalized system and make a better as opposed to pushing it to a point of instability upon which would be very adverse to the flow of trade. 90% of world trade by volume floats. china is very much interested...
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Nov 28, 2012
11/12
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economy. in the health-care system, whatever. most of the jobs are created in small enterprises, not in the big plants. he said to me, we have one problem, we get no credit. no greek bank can give us the credit. this is the thing in spain and italy, the credit crunch is one of the biggest problems. my proposal is to go away from austerity by gaining trust by overcoming the credit crunch. and i think at the end, by helping those countries who are nevertheless under the attack of speculator. in the case of italy -- i must admit this is not possible because you need unanimity. it makes no sense that mario monti in italy wants to get a reduction of about 70 billion euros an effect in the budget, three or 4 million a year to finance the separate debt. this is a direct transfer of taxpayers' money into the pockets of speculators. i think the obstacles for the free-trade agreement are enormous. especially on the european side, in my eyes is more ideological founded than it is an expression of an appr
economy. in the health-care system, whatever. most of the jobs are created in small enterprises, not in the big plants. he said to me, we have one problem, we get no credit. no greek bank can give us the credit. this is the thing in spain and italy, the credit crunch is one of the biggest problems. my proposal is to go away from austerity by gaining trust by overcoming the credit crunch. and i think at the end, by helping those countries who are nevertheless under the attack of speculator. in...
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Nov 24, 2012
11/12
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CNNW
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other sectors of the economy don't necessary sli that. manufacturers do. and every other country out there has incentives to attract manufacturing. whether it's the low road like china or the high road like germany f we're not in that game, we're going to be sitting on the sidelines and lose jobs. we've seen. that our manufacturing goods, trade deficit has gone up. >> that might be true that some play dirty, with don't we as well snt risk becomes that we encourage mal investment. all the things that make the united states unique and special over the past 100-odd years in the economy and that's innovation. and that's resilience had to do little with subsidies. little with special treatment but rather equal playing field. let's not corrupt what is made special to play dirty to keep up with the dirty players. >> i'm not suggest we go play dirty. i disagree with your economic history a little bit. every successful industry that's been incubated in the united states has been subsidized like sems and you can go back to the telegraph and find. that i think we hav
other sectors of the economy don't necessary sli that. manufacturers do. and every other country out there has incentives to attract manufacturing. whether it's the low road like china or the high road like germany f we're not in that game, we're going to be sitting on the sidelines and lose jobs. we've seen. that our manufacturing goods, trade deficit has gone up. >> that might be true that some play dirty, with don't we as well snt risk becomes that we encourage mal investment. all the...
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Nov 23, 2012
11/12
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. >>> indonesia is southeast asia's largest economy and it continues to grow. laborers are voicing demands for their own piece of the success. workers around the country are asking for higher pay to cope with the rising cost of living. our bureau in bangkok has the details. >> reporter: thousands of workers took to the streets of jakarta on thursday to demonstrate they oppose low wages and a plan to cover welfare costs. protesters gathered near the presidential palace and marched to the parliament building calling for an increase in the minimum wage. the indonesian economy grew by 6.5% last year, but with that growth comes a higher cost of living. demonstrators carried signs on the 2011 l requiring salary reductions to cover social security and health benefits. the law is expected to go into effect in 2014. but workers say those costs should remain the government's responsibility. similar protests have been recently held in other cities around the country as workers urge the government to protect them. one of the world's most famous traveled denations. now the
. >>> indonesia is southeast asia's largest economy and it continues to grow. laborers are voicing demands for their own piece of the success. workers around the country are asking for higher pay to cope with the rising cost of living. our bureau in bangkok has the details. >> reporter: thousands of workers took to the streets of jakarta on thursday to demonstrate they oppose low wages and a plan to cover welfare costs. protesters gathered near the presidential palace and marched...
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Nov 21, 2012
11/12
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CSPAN
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i have no economy. the only way to change the dynamic in my urban neighborhood is to have a more educated population. you've got the city leaders who realize their economy, their tax base is eroding with every kid who drops out. that is why you see the mayor emmanuels standing up and saying -- and just think about it. if he had allowed the same contract to go into place, does anyone think it would have changed the 40% dropout rate? piniella -- no. at some point, you've got to change it. >> talking about competition in china and india, is the model that we were taught that was built in the cultural age, the industrial age, is that sufficient for the current age? do they have the skills necessary to be entrepreneurs and innovators and to develop businesses that will bring our economy forward? >> that is a softball question are right? [laughter] and try not to jump out of my shoes on that. look, no. when we built this education , -- look,e 1993 model compa we built this education system because we were a f
i have no economy. the only way to change the dynamic in my urban neighborhood is to have a more educated population. you've got the city leaders who realize their economy, their tax base is eroding with every kid who drops out. that is why you see the mayor emmanuels standing up and saying -- and just think about it. if he had allowed the same contract to go into place, does anyone think it would have changed the 40% dropout rate? piniella -- no. at some point, you've got to change it....
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Nov 21, 2012
11/12
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economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they do it, making a point that voters will be looking to see if they can do this in a cooperative manner, whether it would be chaotic. it would be important to see that leaders can tackle the big problem and it does not run up against the deadline. a lot of people noticing that he said it's not just that doing this will prevent something bad from happening but that if congress and the president can resolve this quickly and look like they can do it in a cooperative way, it could be a fairly big boom to the economy next year. host: is the headl
economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they do it, making a point...
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Nov 26, 2012
11/12
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CSPAN
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economy. >> well, now washington and the world can breathe a sigh of relief. the horrible crisis that would occur if we defaulted, the likelihood of recession has been averted, but we have a lot more work to do. a lot more work to do. the bill, which had things that were mentioned, had a lot of things we did not like. it had some things we like, but it really making sure no benefits in medicare, -- social security, and medicaid were cut. but, it is now time for congress to get back to the regularly- scheduled programming, and that means jobs. washington has been consumed with averting default, the nation's unemployment problem has been worsening. it is time for jobs to be moved back to the front burner. with the debt reduction package completed, we now have a single- minded focus on jobs for september by removing the threat of default for the next 18 months and by proving both parties can come together to get our deficit under control we have provided certainty to the credit markets. the debt
economy. >> well, now washington and the world can breathe a sigh of relief. the horrible crisis that would occur if we defaulted, the likelihood of recession has been averted, but we have a lot more work to do. a lot more work to do. the bill, which had things that were mentioned, had a lot of things we did not like. it had some things we like, but it really making sure no benefits in medicare, -- social security, and medicaid were cut. but, it is now time for congress to get back to the...
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Nov 24, 2012
11/12
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i think there was very serious damage done to the economy and world economy by the approach as bush has done running up to this and obama has put on steroids. there were many problems with bush allowing the clinton changes with fannie mae and freddie mac to continue, to not be ended. and that was a very big problem. this hostility -- the tea party, i understand because they change the direction of the modern republican party to make it much more serious about spending and it was not before. >> how you fix it? complaining does not work. >> house republicans have already passed a budget that would work. the past an extension of the tax cuts that would work. you go in and have the conversations in front of the american people without ads about how romney is mean to dogs and cause cancer and actually talking about issues. i think that is the debate we need to have. we certainly did not have it in this last election. we can have it now. it is very helpful. i think at the end of the day we will make the right decision, partially because the democrats and terrified -- but cliff he -- obama is
i think there was very serious damage done to the economy and world economy by the approach as bush has done running up to this and obama has put on steroids. there were many problems with bush allowing the clinton changes with fannie mae and freddie mac to continue, to not be ended. and that was a very big problem. this hostility -- the tea party, i understand because they change the direction of the modern republican party to make it much more serious about spending and it was not before....
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Nov 28, 2012
11/12
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CSPAN
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economy. and tonight i'd like to join a couple of my colleagues on the democratic side to talk about the economy and specifically to talk about jobs and the things that we can do here in the a winning days of this congress -- wanning days of this congress to create some job opportunities. we've got some very heavy lifting here in congress in the next month and a half. everybody wants to talk about the fiscal cliff, some talk about austerity, bomb, others talk about what needs to be done to lift the debt limit. and all of these issues are before us. tax increases are not. but underlying all of that, foundational to all of that, is putting america back to work. getting americans back into their jobs. if we do that we will clearly increase employment and when you increase employment you always increase tax revenue to the federal government, to state governments and local governments. so our principle task as i see it and i think i'm joined by many of my colleagues, both democratic and republican,
economy. and tonight i'd like to join a couple of my colleagues on the democratic side to talk about the economy and specifically to talk about jobs and the things that we can do here in the a winning days of this congress -- wanning days of this congress to create some job opportunities. we've got some very heavy lifting here in congress in the next month and a half. everybody wants to talk about the fiscal cliff, some talk about austerity, bomb, others talk about what needs to be done to lift...
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Nov 29, 2012
11/12
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CNBC
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uk see as sharp drop in lending to the real economy. and the search for the lucky power ball winners is on. two tickets match the record $580 million drawing. iberia labor unions have confirmed they'll call a six day strike in december. it will start december 14th and last through december 21st. this comes amid the airline saying it will slash about a quarter of the spanish airlines workforce and cut capacity as part of a restructuring plan. air freight traffic slowed to 3.8% year on year growth and just under 2% month on month growth for the month of october. passenger air traffic was up 3.2% this october, but it did actually decline in october by 0.2%. so a cautionary sign there for global demand. moving on now, costco is just one of the several u.s. companies deciding to issue a special one i'm cash dividend to shareholders. the new is aimed at helping investors stay ahead of automatic tax increases that will take effect in congress fails to resolve the fiscal cliff. in a twist, the retailer is issuing $3.5 billion in new debt to pay
uk see as sharp drop in lending to the real economy. and the search for the lucky power ball winners is on. two tickets match the record $580 million drawing. iberia labor unions have confirmed they'll call a six day strike in december. it will start december 14th and last through december 21st. this comes amid the airline saying it will slash about a quarter of the spanish airlines workforce and cut capacity as part of a restructuring plan. air freight traffic slowed to 3.8% year on year...
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Nov 22, 2012
11/12
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CNBC
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it's not the progressive nature of the economy. it is a group who you you can use as a whipping boy if you'd like. and that's really being used in the banks in terms of the western economy, as the currency in terms of the lgp and monetary policy. >> who would have thought we would have such a good discussion about japan. >> it's interesting that the yen has now been back on the front page of markets at least for a few sessions. which i guess for the european politicians meeting in brussels, it's probably -- >> trying to bone up on who the japanese prime minister is. >> exactly. just before we let you go, i want to get your view because i mentioned it on high yield. some people saying, look, it's done well. is it toppy, are you lightening up? >> so bond markets, a lot of nonsense about bond markets being in a bubble. and that's generally from strategists who completely fail to get the massive rally in the bond market over the last few years. and again going back to japan, one of the reasons why bonds have been in a massive rally is
it's not the progressive nature of the economy. it is a group who you you can use as a whipping boy if you'd like. and that's really being used in the banks in terms of the western economy, as the currency in terms of the lgp and monetary policy. >> who would have thought we would have such a good discussion about japan. >> it's interesting that the yen has now been back on the front page of markets at least for a few sessions. which i guess for the european politicians meeting in...
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international pressure are already doing everything they can to squash and squirrels north korea's economy as it is thanks so much for speaking with us as asia expert on line dawson speaking to us from japan. well one of the what more of the world's news this hour mass rally is against the sweeping new powers of egyptian president mohamed morsi read on himself have become begun across cairo opposition processor's branded morsi is egypt's new pharaoh and are using him of a coup again. legitimacy has also called for the retrial of his predecessor hosni mubarak over the killing of protesters during the country's uprising. meanwhile a suicide bomber has blown up a car loaded with explosives in the wardak province in afghanistan killing two injuring at least sixty others including women and children the blast happened on the street where international and afghan security forces have a coordination office the taliban has claimed responsibility for the bombing say that it was in retaliation for the recent execution of four militants this is the second such attack of this week with kabul trying to
international pressure are already doing everything they can to squash and squirrels north korea's economy as it is thanks so much for speaking with us as asia expert on line dawson speaking to us from japan. well one of the what more of the world's news this hour mass rally is against the sweeping new powers of egyptian president mohamed morsi read on himself have become begun across cairo opposition processor's branded morsi is egypt's new pharaoh and are using him of a coup again. legitimacy...
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Nov 25, 2012
11/12
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CNNW
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it's a very dynamic economy. it's become one of the top dozen. on the other hand the northern third of it is increasingly controlled by drug cartels. there's 50,000 people that have been killed in mexico since 2006 and the reason the violence rate has dropped recently is only because the cartels are consolidating their geographic hold. so what we have to do is come up with more creative ways to help the mexicans because we cannot do it overtly because our history with mexico with invading it and such is that the sensitivities are incredible. so it has to be very, very subtle. you know, our policy makers care about china, they care about the greater middle east, but mexico is relegated by the knowledge elite to a minor problem and what i'm arguing in this book is it's not. it's a major problem. >> and you're saying if we don't help mexico essentially come up to roughly the standards -- >> that has to be our goal, to make mexico as rich as we are. >> because otherwise -- >> right. and it's not that we can save mexico. mexico can help itself, but th
it's a very dynamic economy. it's become one of the top dozen. on the other hand the northern third of it is increasingly controlled by drug cartels. there's 50,000 people that have been killed in mexico since 2006 and the reason the violence rate has dropped recently is only because the cartels are consolidating their geographic hold. so what we have to do is come up with more creative ways to help the mexicans because we cannot do it overtly because our history with mexico with invading it...
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Nov 25, 2012
11/12
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CNNW
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economy is moving forward. but the eurozone is officially in a double dip recession and, therefore, is a victim of falling tax revenues. so governments need to find new sources of revenue. what to do? sell stuff. in italy, they were selling everything but the church. now they are selling the church, sort of. for about $125,000, you can have your name engraved on one of the 135 splendid spires of milan's cathedral. if you've had your eye on that beach house or this home in barcelona, $200,000 or more to buy in the country, residency will come gratis. the plan is for citizenship and an eu passport to be given to anyone who buys hungarian bonds worth $325,000 or more. an eu passport. they are putting black friday to shame. the correct answer to our gps challenge question is d, hamas stands for the islamic resistance movement. in its early years, israeli intelligence tolerated and even encouraged hamas because they saw it as a counterweight to the real enemy, the palestinian organization legislation. today libya ba
economy is moving forward. but the eurozone is officially in a double dip recession and, therefore, is a victim of falling tax revenues. so governments need to find new sources of revenue. what to do? sell stuff. in italy, they were selling everything but the church. now they are selling the church, sort of. for about $125,000, you can have your name engraved on one of the 135 splendid spires of milan's cathedral. if you've had your eye on that beach house or this home in barcelona, $200,000 or...
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Nov 27, 2012
11/12
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CNBC
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it sees developed economies growing 2.3% in 2014, it has cut its 2013 growth forecast for developed economies and quite significantly to 1.4% from 2.2% prior to that, it sees contractions next year for greece, hungary, italy, portugal, slovenia and spain. now, it's also -- that's 316 its 34 members. it expects the eurozone economy broadly speaking to contract by 0.1% next year. and it calls for additional machine taker po monetary policy. so taking a much more dovish stance both with regards to budgets and monetary policy than some of its counterparts. now a quick look at how markets are doing this morning. check on u.s. futures which are trying to add about eight points, five taking fair value into account. s&p at that 1404 level this morning. now take a look at asian markets. overnight, the big eye opener was the shanghai comes positive it. down 1.3% and closing below 2,000 for the first time since 2009. more comments out of japan about potential easing. european markets are valleying on the greek deal agreed to in the late hours of last nigh nightrallyinight.rallying on the greek deal agre
it sees developed economies growing 2.3% in 2014, it has cut its 2013 growth forecast for developed economies and quite significantly to 1.4% from 2.2% prior to that, it sees contractions next year for greece, hungary, italy, portugal, slovenia and spain. now, it's also -- that's 316 its 34 members. it expects the eurozone economy broadly speaking to contract by 0.1% next year. and it calls for additional machine taker po monetary policy. so taking a much more dovish stance both with regards to...
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Nov 24, 2012
11/12
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KRCB
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our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: demonstrations, clashes with the police, and tear gas in tahrir square-- familiar scenes in egypt nearly two years ago that led to the fall of longtime leader hosni mubark. but today, they were aimed at egypt's new leader. in the coastal city of alexandria, opponents set fire to the offices of president mohammed morsi's political party, the muslim brotherhood. there and elsewhere in egypt today, the president's critics and supporters clashed in the streets over his decree yesterday exempting himself from judicial review, and giving him authority to take steps against "threats
our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: demonstrations, clashes with...
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Nov 25, 2012
11/12
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and we shouldn't be concerned, in a sluggish economy like we have right now, because if you have an economy that's not growing, you won't bring as many workers. if you have a booming economy, you will bring more workers. let the market work. at the end. that's the only way we can fix this problem. in terms of legalization, i don't know exactly how that will be done. but what i'm seeing from my meetings in congress, this will probably be done in a piecemeal basis rather than a comprehensive basis, and at the end i don't know if we will get -- for those who have been here for many years or even for the young, undocumented immigrants who enter with their parents, the so-called dreamers, i don't know if we'll get to a path for citizenship for them. but certainly i think for them we can probably get to an alternative dream act, suggest by senator marco rubio. but in the end it's going to depend on the willingness from republicans but also from the president to actually sit down and negotiate. it's not only republicans. i know we've heard this a lot, that it's always the republicans that don't wa
and we shouldn't be concerned, in a sluggish economy like we have right now, because if you have an economy that's not growing, you won't bring as many workers. if you have a booming economy, you will bring more workers. let the market work. at the end. that's the only way we can fix this problem. in terms of legalization, i don't know exactly how that will be done. but what i'm seeing from my meetings in congress, this will probably be done in a piecemeal basis rather than a comprehensive...
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Nov 21, 2012
11/12
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long term, you've got to have a growing economy to deal with problem we're dealing with. unfortunately, we think the proposals from -- some of the proposals from the democratic side are counterproductive. >> what do you consider counterproductive? what is a nonstarter for you? >> first of all, i'm not going to talk in terms of nonstarters. let's wait and see what the deal is. you have to let the negotiators do their job. i have a great deal of confidence in the speaker. it's hard for me to believe he would come back with a deal to present to the conference that i couldn't support. again, i trust him. but i think, you know, better not to raise rates. now, the president has a whip in his hand. if he wants rates to go up, he can raise them on everybody. he could have done that two years ago. i think he made a reasonable decision two years ago, extended the bush tax cults, got some things he wanted in exchange. i think the two sides can bargain together. even the debt ceiling isn't a bargain. it's an agreement. this idea that we don't know how to sit down and find middle grou
long term, you've got to have a growing economy to deal with problem we're dealing with. unfortunately, we think the proposals from -- some of the proposals from the democratic side are counterproductive. >> what do you consider counterproductive? what is a nonstarter for you? >> first of all, i'm not going to talk in terms of nonstarters. let's wait and see what the deal is. you have to let the negotiators do their job. i have a great deal of confidence in the speaker. it's hard...
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Nov 29, 2012
11/12
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FBC
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economy expanded at an annual rate of 2.7%. and that's better than the original 2% even that was reported a couple of weeks ago and last week, there were 393,000 new claims for jobless benefits and down from the previous week, but you're still very close to the 400,000 per week mark and that's a sign of weakness, albeit, come of that clearly from the storm, that's still not a healthy vigorous rebound, is it? trading has begun this thursday morning. we're expecting the dow to go up 50, 60 points and that's in part because of the fiscal cliff debate and looks like the president won taxes now, promises of entitlement reform later and don't care about the debt. the market kind of likes that, because the money keeps flowing. in the first part of business, we're flat, i thought more than that, we're up 2, 10 points and going up from here, at least in the early going. now, we've got another big name that you know #, trying to help shareholders avoid higher taxes next year, it's disney and increased the cash dividend by 25% and paying
economy expanded at an annual rate of 2.7%. and that's better than the original 2% even that was reported a couple of weeks ago and last week, there were 393,000 new claims for jobless benefits and down from the previous week, but you're still very close to the 400,000 per week mark and that's a sign of weakness, albeit, come of that clearly from the storm, that's still not a healthy vigorous rebound, is it? trading has begun this thursday morning. we're expecting the dow to go up 50, 60 points...
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Nov 28, 2012
11/12
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KGO
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with a turbo-charged ecoboost engines and a hybrid that doubles the fuel economy of the average vehicle. it's an entirely new idea of what a car can be. >> jimmy: this is his new album, it came out today, it's called "pluto 3d." here with the song, "neva end" with kelly rowland, future. ♪ we don't wanna we don't wanna we don't wanna neva end ♪ ♪ we don't wanna we don't wanna neva end we don't wanna we don't wanna neva end ♪ ♪ we don't wanna neva we don't wanna we don't wanna neva end ♪ ♪ it's like our life it just began you walkin' out you comin' back again ♪ ♪ 'cause we became the best of friends ♪ ♪ you got all the questions and i know all the answers i done took your heart girl and hold it up for ransom ♪ ♪ we don't wanna neva end we don't wanna we don't wanna neva end we don't wanna ♪ ♪ i could tell you was into me from my instant chemistry ♪ ♪ ask i reflect memory you ride or you die for me ♪ ♪ i go to war over you want walk the, on by showing you you know what it is shawty forever my lil shawty ♪ ♪ long as i'm swimmin' in benjamins you sho
with a turbo-charged ecoboost engines and a hybrid that doubles the fuel economy of the average vehicle. it's an entirely new idea of what a car can be. >> jimmy: this is his new album, it came out today, it's called "pluto 3d." here with the song, "neva end" with kelly rowland, future. ♪ we don't wanna we don't wanna we don't wanna neva end ♪ ♪ we don't wanna we don't wanna neva end we don't wanna we don't wanna neva end ♪ ♪ we don't wanna neva we don't...
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Nov 21, 2012
11/12
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CURRENT
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doesn't make our economy vulnerable to the gambles of people in our society. finding a way to address the fundamental debt crisis that will burden our children and our children's children and our children's children's children. if you don't fundamentally change the way these elections are financed, you're going to keep getting candidates who are in favor of their funders. of course! >> cenk: there was just a poll done where 67% of americans said politicians need to do something about climate change. they need to take legislative action. only 25% said no. don't do anything. 67% to 25%. if we had a functioning democracy, there would be immediate action on that. but in reality there is not a peep. so i've been covering politics for about 17 years now. the reason that i'm passionate about campaign finance reform is it is the rosetta stone of politics. if you want to know who's going to win on any given issue it always comes back to the same thing. follow the money. >> we're back of course with professor tricia rose and general michael hastings. you know, cenk has
doesn't make our economy vulnerable to the gambles of people in our society. finding a way to address the fundamental debt crisis that will burden our children and our children's children and our children's children's children. if you don't fundamentally change the way these elections are financed, you're going to keep getting candidates who are in favor of their funders. of course! >> cenk: there was just a poll done where 67% of americans said politicians need to do something about...
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Nov 23, 2012
11/12
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it's already starting to impact the economy. whether it impacts consumers -- and we'll find out today, by the way, in terms of thanksgiving and what's that meant, whether consumers are coming out or not -- but thoorz the bigger issue that manufacturing has already started to slow down. people are starting to worry. it may end up in the economic numbers already, just the fact that we're having this debate. and then come january 1st, do we go over? what does that mean? is it the fiscal cliff? or does it look like the fiscal bungee cord? that's what some people are calling it. we go over for two weeks and then we snap back and get a deal and what does that deal look like? >> a lot of positive talk following the election. even bill kristol talking about let's feel free to raise taxes if it's part of a bigger deal. a lot of elections don't have consequences, midterm elections. this was supposed to be a status quo election. but something happened here. i think the fever is starting to break. >> absolutely. you're going to see it, i th
it's already starting to impact the economy. whether it impacts consumers -- and we'll find out today, by the way, in terms of thanksgiving and what's that meant, whether consumers are coming out or not -- but thoorz the bigger issue that manufacturing has already started to slow down. people are starting to worry. it may end up in the economic numbers already, just the fact that we're having this debate. and then come january 1st, do we go over? what does that mean? is it the fiscal cliff? or...
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Nov 28, 2012
11/12
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what does that do to the economy? what does that do to you as a ceo thinking about your own business? >> iw that would be enough to cause me to start hiring, start investing a bunch again. because, again, we need something that markets would look at and say this is a credible $4 trillion plan that i can believe in. it doesn't kill us in the short-term and in the ten-year period, i can believe this is really going to happen. that's what we need to have. and even if they do something like you just described, if it's not connected to a longer term $4 trillion deal, i don't think that does that. it seems to me it's one of those -- you get kind of a tepid reaction would be my guess. >> would you get behind $4 trillion deal that was one-to-one, $2 trillion in spending cuts, $2 trillion in tax increases. >> i'm going to see how everything looks. >> that three to one deal, i think that was -- that was good for about two days. that's -- >> last year. >> that deal is off the table. >> well, that was simpson/bowles. >> that shou
what does that do to the economy? what does that do to you as a ceo thinking about your own business? >> iw that would be enough to cause me to start hiring, start investing a bunch again. because, again, we need something that markets would look at and say this is a credible $4 trillion plan that i can believe in. it doesn't kill us in the short-term and in the ten-year period, i can believe this is really going to happen. that's what we need to have. and even if they do something like...
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Nov 29, 2012
11/12
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CNBC
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you need grow the economy. >> the question is can we grow the economy like we have in the past. some people question whether 2007 was just a big bubble. you're right the 8.5% in gdp is his totorically what we bring i but you have to find some way to change the deficit and we have for the got p baten back to any of growth. >> it's because you all the borrowing has scared consumers, scared business investors. so what you really need is if president obama ran on a balanced plan, okay, he won, so maybe the reality is some tax rate will question up, but the problem with that is our deficit last year was $1090 billion large. my point to president obama is where is the other part of your balanced plan. how are you into to go restrain or close the additional trillion dollars worth of deficit. >> you want to see entitlements tackled. in th if that were the case, would you then go on the tax rate on the richest americans? >> i'm not going to answer hypotheticals and negotiate here on the set. what we need to do is see the president's plan. i've done enough negotiations in business to unde
you need grow the economy. >> the question is can we grow the economy like we have in the past. some people question whether 2007 was just a big bubble. you're right the 8.5% in gdp is his totorically what we bring i but you have to find some way to change the deficit and we have for the got p baten back to any of growth. >> it's because you all the borrowing has scared consumers, scared business investors. so what you really need is if president obama ran on a balanced plan, okay,...
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Nov 21, 2012
11/12
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KQED
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egypt's needs are and egypt's needs right now put more of an emphasis on ensuring they can address their economy and not be governed by a set of ideological imper it was. >> rose: said another way, morsi government has to prove it can govern? >> it does have to prove it can govern. one of the things that is interesting you do have leaderships now that do have to pay attention to their public, their republicans have expectations and needs and hopes, and one of those is that, in fact the needs of the public will be addressed. >> rose: is it possible coming out of this is something positive in terms of future relationship between palestinians and israelis and between israelis and new arab governments? is that possible here? >> it helps the relationship -- egypt and israel. they have worked together pretty well, it also improved the relationship between netanyahu government and our own government. they have worked together pretty well over the last week as well. >> rose: do you agree with that, dennis, we are looking at where there was a fractured relationship it might be getting better? >> i do, i
egypt's needs are and egypt's needs right now put more of an emphasis on ensuring they can address their economy and not be governed by a set of ideological imper it was. >> rose: said another way, morsi government has to prove it can govern? >> it does have to prove it can govern. one of the things that is interesting you do have leaderships now that do have to pay attention to their public, their republicans have expectations and needs and hopes, and one of those is that, in fact...
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Nov 21, 2012
11/12
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>> we have the economy. we'll begin there now at 4 past the hour. >> we're going to keep reading the post. go ahead. >> the markets look to rebound after stocks finished relatively flat yesterday following a new warning from the central bank about the fiscal cliff. speaking to the economic club of new york, fed chair ben bernanke urged lawmakers to reach a deal to avoid the automatic spending cuts and tax increases. he said going over the fiscal cliff would pose a substantial risk to the economy. according to a new study the fiscal cliff could give 90% of americans new tax bills when the bush tax rates and some by president obama would both end. the working poor would be among the hardest hit. a tax policy center analysis showed a married couple making about $30,000 a year would on average go from receiving a $15 tax credit to owing $1400. >> wow. >> yeah. that's probably a reason to try and get something done? >> maybe we will. maybe we will. >> you would think. >> yeah. or maybe we can just talk about 2016
>> we have the economy. we'll begin there now at 4 past the hour. >> we're going to keep reading the post. go ahead. >> the markets look to rebound after stocks finished relatively flat yesterday following a new warning from the central bank about the fiscal cliff. speaking to the economic club of new york, fed chair ben bernanke urged lawmakers to reach a deal to avoid the automatic spending cuts and tax increases. he said going over the fiscal cliff would pose a substantial...